Sheffield Corp.just took its physical inventory. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $302.500. In reviewing the details of the count and related inventory transactions, you have discovered the following. 1. Sheffield has sent inventory costing $26,200 on consignment to Kako Company. All of this inventory was at Kako's showrooms on December 31. 2. The company did not include in the count inventory (cost, $19,200) that was sold on December 28, terms FOB shipping point. The goods were in transit on December 31. 3. The company did not include in the count inventory (cost, $16,500) that was purchased with terms of FOB shipping point. The goods were in transit on December 31. Compute the correct December 31 inventory, Correct December 31 inventory $